Optimism Overshadowed by Recession

Indonesia enjoyed a commodity windfall from the high prices of palm oil and mining products. Our trade balance has been positive for the last two years to result in a surplus in the state budget.

KOMPAS/NIKSON SINAGA

Minister of Tourism and Creative Economy Sandiaga Uno talks with micro, small and medium enterprises in Medan, North Sumatra, on Tuesday (20/9/2022). Sandiaga said MSMEs and the creative economy are facing inflation and the threat of a recession.

The rising risk of recession in rich countries has cast a shadow over many countries, including Indonesia. We must therefore anticipate a decline in exports by strengthening oru economic fundamentals.